Aspire & Innovative IPO

Aspire & Innovative IPO will open for subscription from 26 March 2024. The company aims for an issue size of ₹21.97 Cr through this IPO.

Company Overview

Full nameAspire & Innovative Advertising Limited
Company Website

About Company

Aspire & Innovative Advertising specializes in trading diverse consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. They offer products from various renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others. The range of products is offered at various prices to cater to diverse customer needs across India, focusing on delivering products primarily in rural and semi-urban areas.

For the period ending 30 September 2023, and the fiscal year 2023, the total turnover from the sale of products under the company’s brand was INR 18.38 crore and INR 16.37 crore, respectively. This accounted for 10.82% and 5.21% of the total revenue from the trading business, respectively. As of December 2023, the company has collaborated with over 15 intermediaries for marketing various products at different locations.

The company’s product portfolio includes over 50 items, ranging from pressure cookers, induction cooktops, and mixer grinders to dinner sets, sewing machines, ceiling fans, irons, inverter bulbs, electric heaters, mobile phones, televisions, refrigerators, washing machines, headphones, solar lanterns, and more. As of 30 November 2023, the company has employed 49 permanent full-time employees, including managerial personnel.

The Objectives of the Issue

  • To meet Working Capital requirements; and
  • To finance the cost of establishing new warehouses
  • General Corporate Purpose.

Aspire & Innovative IPO Timetable

IPO Opening date26 March 2024
IPO Closing28 March 2024
Basis of Allotment01 April 2024
Initiation Refund02 April 2024
Credit to Demat Account02 April 2024
Listing Date03 April 2024
(Cut-off time for UPI mandate confirmation – 5 PM on March 28, 2024)

Aspire & Innovative IPO details

Issue typeBook Built Issue IPO
IPO issue size₹21.97 Cr – 4,068,000 shares
Fresh Issue₹21.97 Cr – 4,068,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹51 to ₹54 per share
Lot size2000 Shares
Market Maker portion204,000 shares
Shareholding pre-issue11,110,000
Shareholding post-issue15,178,000
Listing ExchangeNSE SME

Aspire & Innovative IPO Lot Size

Retail (Min)12000₹108,000
Retail (Max)12000₹108,000
HNI (Min)24,000₹216,000

Aspire & Innovative IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Aspire & Innovative Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income2.284.375.313.93
(Amount in ₹ Crores)

Aspire & Innovative Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio10.67 – 11.30
RONW (%)43.7242.8634.22
ROCE (%)55.9855.4530.79
EBITDA (%)2.952.522.11

Company Promoters

  • Nitesh Agarwalla
  • Rinku Agarwalla

Promoter Holding

Pre Issue Share Holding98.84%
Post Issue Share Holding

Aspire & Innovative IPO Lead Manager(s)

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000

Aspire & Innovative Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Aspire & Innovative Contact Details

Plot No. 52, Sector-44,
Gurugram- 122003, Haryana, India
Phone: +91-124-2213055

Aspire & Innovative IPO Allotment Status

Aspire and Innovative Advertising IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Aspire & Innovative IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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